Buy a new computer before Feb 1st, 2011 – claim 100%

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There’s never been a better time to buy a new computer if you own a business.  This month of December is the best time to buy especially if December is your fiscal year end.  You can claim it for this year, you’re only paying money up front at the end of the year, not having to wait long to get re-embursed, and you’ll have the latest technology to be more productive.  There’s only December and January left to buy your new computers.
The governemnt is allowing companies to deduct 100% of the cost of computer hardware and software acquired after January 27th 2009 and before Feb 1, 2011! http://www.budget.gc.ca/2009/pdf/budget-planbugetaire-eng.pdf  See page 163

Here’s a quote from the PDF Canada’s Economic Action Plan Budget 2009
“Providing Assistance to Businesses in All Sectors to Invest in Computers Budget 2009 proposes a temporary 100-per-cent CCA rate for computer hardware and systems software acquired after January 27, 2009 and before February 1, 2011. In addition, the rule that restricts CCA deductions to one-half of the CCA write-off otherwise available in the first year will not apply to these computers. This temporary measure will allow taxpayers to fully expense their investment in computers in one year. The measure will provide stimulus by assisting businesses to increase or accelerate investment in computers. It will also contribute to boosting Canada’s productivity through the faster adoption of newer technology. Businesses in all sectors of the economy, including the service sector, will benefit from this incentive. It is estimated that this measure will cost $340 million in 2009–10 and $355 million in 2010–11.”

Twinbytes can build you a custom built computer specific to your needs including all software and made bullet proof before you go online.  Contact us via www.twinbytes.ca for more details.